As most of us have already heard...over the weekend the UAE Govt has approved its new vision, master-plan and timelines for the expansion & development of Maktoum International Airport

Key Highlights

• ⁠The intention is to move the entire operations from existing DXB to Maktoum International; this is a more ambitious timeline & overall shift than what was previously speculated

• 5 passenger terminals; 400+ gates

• 5 parallel runways

• ⁠5 x the size of DXB

• ⁠Expected to increase residential population in immediate district to over 1 million people

Consider looking at residential property on the resale market in sold out / prime communities in Dubai South.

3 Bedroom Townhouse in Expo Valley

• Sold out development; luxury grade. Connect to Expo City business district

• ⁠3 Bedroom Townhouse on the main park; 50% on completion

• Selling Price: 3,975,000

• Cash required to transfer now: AED 1.6 M

• 20% payable in 2025

• 50% on completion

5 Bed Semi-detached in South Bay

• Sold out development.

• ⁠5 Bedroom Twin Villa / Semi-detached

• ⁠Built up area: 4,300 sf; plot size 4,285 sf

• ⁠Selling a little above OP at AED 4,290,000

• ⁠AED 1.6 M required to transfer now

• ⁠20% payable in 2025

• ⁠20% payable on handover (2026)

• ⁠30% payable over 2 years after handover

1 & 2 Bed apartment on resale in Mangrove Residence

• Rare units on resale

• ⁠Mangrove is the first project launched in Expo; currently a second complex is for sale but at higher price points

• ⁠1 Bedroom in Mangrove at AED 1.59 M (resale)

• ⁠2 Bedroom in Mangrove at AED 2.5 M (resale)

• ⁠8 year payment-plan; construction well underway

• ⁠5 years post-handover (50%)